UAB „CAST AI Baltic“ is currently implementing the project co-financed by the European Union.

UAB CAST AI Baltic is pleased to announce that following the positive decision of the European Regional Development Fund in 2020, is currently implementing the European Union funded project “Automated Multi-Cloud Management and Optimization Technology (CAST AI)” No. 01.2.1-LVPA-K-856-01-0012 (hereinafter referred to as the project).

The market for public cloud services is growing rapidly. According to International Data Corporation (IDC) forecasts, spending on public cloud services and infrastructure in 2019-2023 will more than double over the period, i.e. from 229 billion USD up to 500 billion USD. Recent Gartner research shows that 81% of public cloud users work with two or more service providers. Most organizations choose a multi-cloud strategy to avoid single-provider reliance and take advantage of the best solutions. However, the growth of the multi-cloud management market is constrained by factors such as lack of security and limited ability to ensure full portability of applications and data. There are currently no solutions on the market that allow consumers to efficiently use the services of multiple cloud service providers in parallel across multiple clouds. That is why this project aims at creating an automated multi-cloud management and optimization platform which will enable users to move applications from one cloud to another without changing a single line of code and automatically optimize processes in real time based on many criteria (e.g. cost, performance, geolocation, data sovereignty, security, compliance).

The Project is co-financed by the European Regional Development Fund under Priority 1 of the European Union Funds Investment Operational Program for 2014–2020 “Promotion of Research, Experimental Development and Innovation” No. 01.2.1-LVPA-K-856 measure “Experiment”.

The total value of the project is 1.865.126,23 EUR of which 1.065.373,74 EUR is funded by the European Regional Development Fund and the rest is the company’s own contribution. Planned completion of the project activities is in August, 2022

UAB „CAST AI Baltic“ is implementing a project partly financed by the European Union

UAB CAST AI Baltic is currently implementing the European Union funded project “Development of CAST AI Multi Cloud Cyber Security Solutions” No. 01.2.1-LVPA-K-823-03-0023 (hereinafter referred to as project). CAST AI – an innovative cloud computing solutions company established in 2019. The main goal of the company’s establishment is to unite the “know-how” of the company’s founders in the field of cloud computing and to offer the market innovative solutions that enable efficient and cost-effective multi-cloud management. The company aims to become a market leader, providing the market with the highest quality products / services at a competitive price.

The market for public cloud services is growing rapidly. According to International Data Corporation (IDC) forecasts, spending on public cloud services and infrastructure in 2019-2023 will be doubled, i.e. from 229 billion USD up to USD 500 billion USD. Recent Gartner research data shows that 81% of public cloud users work with two or more service providers. Most organizations choose a multi-cloud strategy to avoid single-provider reliance and take advantage of the best solutions. However, the growth of the multi-cloud management market is constrained by factors such as a lack of security and limited capabilities to ensure full portability of applications and data. This project aims to address the lack of security by developing three cloud services / cybersecurity-focused products: kubernetes container security solution, kubernetes network security solution and kubernetes Open Policy Agent and Policy Bundles. It is expected that in the next 5-7 years, all major applications will be developed and deployed using governorates, so the market size is extremely large.

The project envisages research for the development and validation of innovative cloud cybersecurity technologies in a laboratory environment, as well as experimental development to develop and demonstrate innovative prototypes of cloud cyber security technologies in real operating conditions and to develop a prototype.

This project is co-financed by the European regional development fund under the 2014-2020 measure No. 1 of the European Union funds investment operational program priority 1 “Promotion of Research, Experimental Development and Innovation” 01.2.1-LVPA-K-823 “SmartInvest LT +”.The total value of the project amount is EUR 5.019.661,12, of which EUR 2.672.186,74 is from European regional development fund and EUR 2.347.474,38 is from the company’s own contribution. Project activities started in 2022 of March 1^st and will be completed in 2023 of August 31^st.